EastFruit analysts are closely monitoring the situation in Serbia, where heavy rains have led to floods. The natural disaster is observed in a large number of regions of the country, including the region of compact cultivation and processing of raspberries. It could have a very serious impact on global frozen raspberry market where Serbia is a clear leader.

“Serbia has been the world’s largest exporter of frozen raspberries for many years, exporting annually from 120 to 140 thousand tons of frozen raspberries. Accordingly, Serbia that has the greatest influence on the world market in this category, and the situation in Serbia can have a key impact on the raspberry prices in Ukraine, Poland, Moldova, and other countries,” says Andriy Yarmak, economist at the Investment Department of the Food and Agriculture UN situation (FAO).

For Ukraine, frozen raspberries are now the main export category in the horticultural segment, and raspberry harvest in the country is just beginning. A little earlier, raspberry harvesting began in Moldova and Georgia. A market overview with prices for raspberries, strawberries, and other raw materials for freezing in Moldova was published today.

The raspberry harvesting season in Serbia begins much earlier than in Ukraine. Harvesting has now begun to peak, although berry prices have remained at an extremely low level, which caused protests from local producers. After all, initially, the freezers did not want to pay more than $1.9 per kg for raspberries, and over the past couple of years, local farmers have become accustomed to prices close to $3.5/kg or more.

However, the freezers can’t be blamed – they still have huge stocks of raspberries from the 2022 harvest in their warehouses, which they could not sell even at great losses. We described this situation in detail in the article “Frozen raspberry market before the start of the season: prices, demand, market forecasts for 2023”.

Before the recent rains, there were reports in the specialized publications that the prices for raspberries in Serbia had slightly strengthened against the backdrop of farmers’ protests, but remained extremely low. However, there was a noticeable decrease in the volume of purchases by freezers, but the farmers simply had no alternatives – after all, it is impossible to store raspberries, just as it is impossible to sell such volumes of raspberries at the fresh market.

Source - https://www.freshplaza.com